Tech
tech
Rani Molla

Tesla erased its Trump bump

After Donald Trump won the presidential election, it seemed Tesla’s stock was tied to a SpaceX rocket.

Tesla’s CEO Elon Musk had hitched his company’s fortunes to the candidate and the bet seemed to pay off, with Tesla’s stock at one point jumping up more than 90% above where it was on Election Day.

The honeymoon, it appears, is over. On Election Day, the stock closed at $251.44. Today, the stock briefly dipped below that level. (It was recently trading at $253.61.)

Stocks and market indexes have dropped following Trump’s institution of 25% tariffs on goods from Canada and Mexico — bad news for the carmaker, which manufactures parts for its cars in Canada and Mexico. A slowdown in momentum stocks has also hurt Tesla stock.

Tesla isn’t alone: it joins the rest of the Magnificent 7, which are also down since Election Day.

More Tech

See all Tech
Jon Keegan
10h
Pew: Americans, Italians are the most concerned about AI, while Israelis are the most excited

A new Pew Research Center survey found widespread concern about the use of AI in daily life.

Day of German Unity - Unity Celebration
tech
Rani Molla

Meta announces new Texas data center, partnership with Arm

Meta announced today it’s breaking ground on a new “AI-optimized” data center in El Paso, Texas that will scale to 1GW. That’s not to be confused with the city-sized AI data center it’s building in Louisiana that’s expected to scale to 5GW.

In other Meta AI data center news, Reuters reports that Meta is also partnering with chip tech provider Arm Holdings for “data center platforms to power its AI ranking and recommendation systems, which are key to discovery and personalization across its apps.” The partnership also likely represents an effort to diversify away from Nvidia chips.

Meta is expected to spend up to $72 billion in capex this year, as it amps up AI-related infrastructure projects.

Breaking Ground on Our New AI-Optimized Data Center in El Paso

Breaking Ground on Our New AI-Optimized Data Center in El Paso

Meta is expected to spend up to $72 billion in capex this year, as it amps up AI-related infrastructure projects.

tech
Jon Keegan

Report: OpenAI scrambles to find new revenue in its 5-year business plan

After a flurry of enormous (and confusing) deals, OpenAI has committed to spending more than $1 trillion with various partners in the AI ecosystem. Now it has to figure out how to pay for it all.

The Financial Times has some details of OpenAI’s five-year business plan and how it’s exploring “creative” ideas to secure more capital.

Among the elements of the plan:

OpenAI is currently pulling in $13 billion in annual recurring revenue, with 70% of that coming from consumer ChatGPT subscriptions, according to the report. But it also plans on burning $115 billion through 2029.

OpenAI makes five-year business plan to meet $1tn spending pledges

bafkreihggvmz5ztombrhmd65msikqlf72aoot4pus6q2t7vuiwk43ptzdm

Among the elements of the plan:

OpenAI is currently pulling in $13 billion in annual recurring revenue, with 70% of that coming from consumer ChatGPT subscriptions, according to the report. But it also plans on burning $115 billion through 2029.

Tom Jones
the botted line
18h
Reading an article online? It’s now a coin flip whether it was authored by a human or AI

Not this one, though.

Robot typing on a typewriter vector illustration
England’s Coldstream Guards

Google’s Waymo plans to launch autonomous rides in London next year

This marks the company’s second international expansion after Tokyo.

Rani Molla19h

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.
©2025 Sherwood Media, LLC